The crypto market saw a major plunge, with Bitcoin, ETH, and XRP prices showing a downtrend.Market cap of the crypto industry dropped to $2.76 trillion, an 8.80% decrease.A spike in liquidations, political decisions, and bearish investor sentiment have contributed to the market slump.Bitcoin is changing hands at $83,640, Ethereum is floating around $2,087, and XRP has fallen to $2.36.